Business School Lands $7.5M in New Funding for Rockwell Hall Renovations

Over a 10-month period, new funding totaling $7.5 million was secured to support efforts to completely renovate and update Rockwell Hall. We’re re-shaping the student experience, providing opportunities for new ideas and top-tier research, and supporting the unparalleled quality of programs that we offer.

During the 2017-2018 academic year, the Business School garnered the following grants and gifts to support the transformation of Rockwell Hall:

  • Richard King Mellon Foundation, $4 million grant
  • Anonymous donor, $2.5 million gift
  • Friends and alumni of the school, $500,000 in gifts
  • Redevelopment Assistance Capital Program (RACP), Pennsylvania Office of the Budget, $500,000 grant

A previous $1 million gift from Bob Mallet resulted in the 4th floor’s Louis D. Mallet Entrepreneurship Zone—which promotes idea generation, group learning, problem solving and business planning—and Bob’s Launch Pad, the maker space that provides a hands-on area in which students can develop and prototype everything from new physical products to online business platforms.

While the RACP grant helped facilitate the completion of the 4th floor reconstruction, the most recent funding has been tapped to support renovations to Rockwell’s 6th floor.